Abstract
Blockchain technology has been the topic of several recent studies in area of accounting and auditing. These studies explored the potential of blockchain on changing the traditional approach to accounting and providing more secure and efficient methods of bookkeeping. Results of these studies suggest that the blockchain has the potential of being a powerful tool or even something disruptive in sector of accounting, auditing, and accountability. Blockchain can significantly increase trust, transparency, and accountability since its nature of decentralized ledger system and the cryptographic algorithms under the system. These studies also suggest that blockchain has the potential to tackle fraud in accounting activities, which is always a challenging topic in accounting industry. Current focus of blockchain research in accounting, auditing and accountability is about exploring blockchains positive impact on accounting industry, especially on trust, fraud detection, and the design of accounting systems.
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